New Delhi: PhonePe, the leading Indian digital payments platform, has recently announced the appointment of Ritesh Pai as the Chief Executive Officer for its international payments business. This strategic move is part of PhonePe’s ambitious plans for global expansion, and Ritesh Pai’s extensive experience in the banking and digital payments sector positions him as a valuable asset in driving the company’s growth beyond national borders.
Ritesh Pai brings a wealth of expertise to his new role, having previously served as the Senior Group President and Chief Digital Officer at Yes Bank, a prominent financial institution in India. During his tenure at Yes Bank, Pai played a pivotal role in shaping the bank’s digital strategy, showcasing his leadership skills and understanding of the evolving landscape of digital finance.
Before joining PhonePe, Pai held the position of President of Products and Solutions at TerraPay, where he was responsible for overseeing the global launch and implementation of payment products and solutions. This experience further enriches Pai’s profile, demonstrating his capability to navigate the complexities of the international payments arena.
In expressing his thoughts on the new role, Ritesh Pai stated, “PhonePe has achieved market leadership in India with its unwavering commitment to product innovation and building customer-centric solutions. I am confident that this same focus will help us expand our footprint beyond national borders, taking our payment technology to an international audience.”
PhonePe’s decision to appoint Ritesh Pai underscores the company’s dedication to securing top talent to drive its global ambitions. As the financial technology landscape continues to evolve, having a seasoned executive like Pai at the helm of its international payments business positions PhonePe strategically to navigate the challenges and capitalize on opportunities in diverse markets.
